Quote from amanda33:
Banks, investment houses, etc. have lost trillions in the derivatives market. Those losses per the legislation are not required to be reported on their financial balance sheets. So, no one even know just how big these losses really are. But according to industry insiders the losses are unbelievable huge.
There is an estimated 965 trillion dollars in the derivatives market. The only way they're going to recoup enough money is turn the spigots on at the FED and also bump up the DOW to 19,000 to sell it off down to 300, profiting on the long and short ends.
Once they've exhausted every pension fund in the land they'll start taxing everyone at 83% rates and taking possession of homes, cars and any asset which can be sold (for pennies on the dollar) to the Chinese.
It's just like it was in the Roman days.